1515 Beech Valley Way NE
Atlanta, GA, 30306 $ 769,850
Baths0.0 Monthly Estimate*
$ 4,861
Studio for $769,850. This home was built in 1948 on a lot size of 0.48.
Located in the highly desirable Druid Hills/Morningside corridor, this side-by-side duplex offers a compelling investment opportunity in one of Atlanta’s strongest rental markets. Projected combined rents of approximately $5,000-$6,000 per month provide potential gross rental income of $60,000-$72,000 annually. With estimated operating expenses of approximately $19,000 per year, projected Net Operating Income ranges from approximately $41,000-$53,000, depending on achieved rents. One unit is currently vacant, and the second unit is expected to be vacant by mid-September, giving a new owner flexibility to establish market rents, renovate or reposition the property, or potentially occupy one side while leasing the other. Both units feature a spacious townhome-style layout with 3 bedrooms and 2 full baths upstairs. The main levels include separate living and dining rooms, kitchens, half baths, pantries, and additional storage closets. Each residence also has access to a substantial portion of the lower level with laundry facilities and additional storage. The property features separate entrances, a circular driveway with parking for approximately four vehicles, and individually metered gas, electric, and water service—simplifying management and keeping utility expenses separate between units. Ideally positioned near Emory University, Virginia-Highland, Piedmont Park, Midtown, Buckhead, Decatur, and nearby MARTA access, the property also enjoys the natural surroundings of Daniel Johnson Nature Preserve directly behind the property. This combination of location, spacious floor plans, separate utilities, parking, and strong rental potential creates an attractive opportunity for both immediate income and long-term appreciation. The property may also be eligible for annexation into the City of Atlanta, which could provide access to the Atlanta Public Schools system. Any annexation eligibility, process, school assignment, and related benefits should be independently verified by the buyer with the City of Atlanta and applicable governmental authorities.
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FeaturesGeneralSewer Public Sewer
Heating Central Forced Air Gravity Natural Gas
Cooling Central Air Electric
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Roof Composition Shingle
Security Features None
Construction Materials Brick 4 Sides
Year Built 1948
View City Other
Levels Two
Property Subtype Duplex
Tax Year 2025
Parcel Number 18 055 10 004
Gross Income 60000
Waterfront Features None
Community Features Near Public Transport Near Shopping Park Street Lights
Accessibility None
County Dekalb - GA
Net Operating Income 47500
Operating Expense 12500
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Morningside/Druid Hills
Green Energy Generation None
Status Active
Directions GPS Friendly
High School Druid Hills
City Atlanta
Body of Water None
Number Of Units Total 2
Elementary School Briar Vista
Property Attached Y/N false
Tax Annual Amount 10814
Home Warranty Y/N false
Middle/Junior High School Druid Hills
Property Condition Resale
Virtual Tour https://www.zillow.com/view-imx/b25ad91b-1f57-4aaa-9774-c17425c9c549?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Tax Lot 0
Cap Rate 6.1
Freehold IDX
Corporate Owner None
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InteriorFlooring Hardwood Tile
Window Features Aluminum Frames
Total Baths 0
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ExteriorFencing Back Yard Chain Link Fenced
Parking Features Driveway Level Driveway
Lot Features Corner Lot
Water Source Public
Total Parking 4
Lot Dimensions 164 x 80
Lot Size Acres 0.48
Lot Size Source Public Records
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* Excluded FeaturesList ByTHE ZAC TEAMListing Agent
Remax Metro Atlanta CitysideBroker
listingagents@zac.bizEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,861
- Monthly Property Taxes
- $901
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Atlanta, GA
Average List Price $713,339
Percent of Sale Price 7%
About Atlanta, GA 284,375 Population
0% Since 2002
$ 0 Median Income
0 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4135922 Elementary School
4134286 Middle School
Druid Hills High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2026 | $769,850 | | Listed Price |